Predict the market with 90% accuracy

This is a discussion on Predict the market with 90% accuracy within the First Steps forums, part of the Reception category; Maybe all of you already know this that where is a way to predict the market with 90% accuracy. Because ...

There are those who can correctly predict the market direction 90% of the time but still lose money. This is because the issue is not one of prediction but how much profit you make when correct compared to how much you lose when incorrect. For example if you make $10 profit on 9 of your trades but then lose $100 on your tenth trade your net position is a loss.

There are those who can correctly predict the market direction 90% of the time but still lose money. This is because the issue is not one of prediction but how much profit you make when correct compared to how much you lose when incorrect. For example if you make $10 profit on 9 of your trades but then lose $100 on your tenth trade your net position is a loss.

Paul

Well, he did get 1800% in retun on average, which sugessts that the returns on the winners were much higher than the losers.

And since he could predict the market so accurately and also got 1800 pa, I assume that the losers only deviated by a small amount from his orignal predicitons and that the losses as a result were very small and far compensated by the winners volume of profit.

Having a 90% market prediction dosnt just mean a 90% rate of winners and a 10% rate of losers,but also a grasp sense of how much profit one will earn for every trade(90 percent accurateness that the profit will be x amount for instance). The Pa he got speaks for it self though.

So is there proof that Gann was that good or is it just something that was made up to sell some of the vast amount of trading materials he seems to have produced? I have read all sorts of allegations about him, from being a great trader, to being unable to trade and only able to teach. The truth might be somewhere in the middle but it is hard to believe he was that good when he didn't seem to be that wealthy. As his "Great Master Course" sold for US$5,000 in 1954, around the average price of a house, I would have thought that if he could also trade so well, he would be the richest person around at that time. Perhaps he just knew how to spend it

I agree with what has been said here, as i move from a newbie trader status into a more accomplished trader status i am learning more and more about the value of money management, 80% or 90% accuracy really doesnt mean anything unless you know when to let your winners run. I find letting winners run far harder than cutting losses, a good scalper will have about a 90% accuracy strike rate but the risk reward is very often unprofitable, i think this is why a lot of newbies look for information on scalping drawn by the attraction of how easy it is to get a couple of points at a time out the market , but i guarantee if you learn how to look after your money you dont need to be nearly as good as Gann at predicting the market. Get the market right just 50% of the time, but have sound money management you can make what Gann made and more.

So is there proof that Gann was that good or is it just something that was made up to sell some of the vast amount of trading materials he seems to have produced? I have read all sorts of allegations about him, from being a great trader, to being unable to trade and only able to teach. The truth might be somewhere in the middle but it is hard to believe he was that good when he didn't seem to be that wealthy. As his "Great Master Course" sold for US$5,000 in 1954, around the average price of a house, I would have thought that if he could also trade so well, he would be the richest person around at that time. Perhaps he just knew how to spend it

He allocated over 50 million dollar during his lifetime which is approximately 500 million dollar today.

Where are varios newsmagasins that have been reporting his astronomic returns
and why would someone attend his seminars if it costs as much as a house if he isn't any good?

these facts speak for itself. I don't want to be rude, but it feels like som people are just making up excuses and try to deny the possible.

This thread was actually done to encourage people to go out and get the knowledge to predict the market with the same accuracy and get over 1800% in return every year, because such knowledge is available for those trying to seek it.

People pay huge fees for courses today, I don't think that necessarily means they are worth the money. Did Gann ever claim to have made 50 million dollars or is it just the people selling his trading materials? Are you sure about your facts? I found this quote from a search and hope it is correct. Perhaps someone who has the book can confirm it:-

Quote from 'Trading for a Living' by Alexander Elder. p23

"Various opportunists sell 'Gann courses' and 'Gann software'. They claim
that Gann was one of the best traders that ever lived, that he left a $50
million estate, and so on. I interviewed W.D. Gann's son, an analyst for a
Boston bank. He told me that his famous father could not support his family
by trading but earned his living by writing and selling instructional
courses. When W.D. Gann died in the 1950s, his estate, including his house,
was valued at slightly over $100,000. The legend of W.D. Gann, the giant of
trading, is perpetuated by those who sell courses and other paraphernalia
to gullible customers."

Bigbusiness: good points, such claims have only been done by a third party. I whould however never by his trading materials since it obviously don't work. If it did work, the authour of the books wouldn't be selling his trading materials, they would be earning 1800 pa on the stockmarket instead.

That's why it so obvious and embarrasing when I see scams like this:

I don't usually send out stuff like this, but what I have to tell you is just too good. For the last 6 months I've been developing the ULTIMATE TRADING PROGRAM.

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Please, if you are doing so well, why the heck are you trying to share your ideas and wasting your time with this work that won't give you as much return. People who believe in this is really just to naive. And I'm a very open minded person, but not stupid.

W.D. Gann has got 1800 pa on his investments, but I'm sure he kept the secrets with himselfs, and such information is not available by all the trading materials.

What Are the Gann Studies?
In 1908, Gann discovered what he called the "market time factor", which made him one of the pioneers of technical analysis. To test his new strategy, he opened one account with $300 and one with $150. It turned out to be wildly successful: Gann was able to make $25,000 profit with his $300 account in only three months; meanwhile, he made $12,000 profit with his $150 account in only 30 days! After his results were verified, he became famous on Wall Street as one of the best forecasters of all time.

it feels like som people are just making up excuses and try to deny the possible.

This thread was actually done to encourage people to go out and get the knowledge to predict the market with the same accuracy and get over 1800% in return every year, because such knowledge is available for those trying to seek it.

just because such returns are possible doesnt mean that you or anyone will necessarily find the same or similar returns, even in much the same way that it might be possible for a competition fisherman to land a huge prize bass - indicating that such a feat is also possible, but not necessarily replicateable by anyone else.

just because such returns are possible doesnt mean that you or anyone will necessarily find the same or similar returns, even in much the same way that it might be possible for a competition fisherman to land a huge prize bass - indicating that such a feat is also possible, but not necessarily replicateable by anyone else.

It's still possible becuase the human mind doesnt change over a couple of decades.

the markets do though. market dynamics of today are way different from what they were back in the early 20th century when Gann was trading. Just look at the difference between the markets of 1998-2000 and 2004-2005 - what worked 5/6 years ago wouldnt work in todays markets.